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Russia are anticipating to mine 20% of the world’s Bitcoin

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  • A Russian government official is expecting to mine 20% of the world’s Bitcoin.
  • There is a metal factory that Russian Mining Company plan on using for mining operations.

 

Russian Mining Company (RMC) plans to repurpose a metal factory in the country’s northern province of Karelia, according to local financial news outlet RBC.

Closed back in 2018 as a result of US sanctions in 2018, the ex-Rusal facility could soon host a Bitcoin (BTC) mining farm so large it could account for one-fifth of global output.

The ombudsman, CEO Dmitry Marinichev, said:

Our idea consists of converting the factory and selling its computer power as a service, that is to say, offering IT services

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